Banks

The notes achieved the tightest pricing for five-year, Euro covered bonds from a non-EU issuer, for several years, and is the first such issuance from a Singapore bank since October 2021.

Banks and payment giants at the Singapore FinTech Festival warned about deepfakes, cyberattacks, and AI-driven fraud even as they push aggressively into agentic AI and design their firms around AI-native operating models. With risks rising, leaders said 2026 will force a balance between ambition and safeguards.

Beijing-based Jim Wang is leading the subsidiary of Standard Chartered Bank (Hong Kong).

Jean-François Mastrangelo has joined the British bank in Hong Kong; he most recently worked at Societe Generale.

Hong Kong-based Anoop Chaudhry will lead the Asia Pacific power, utilities, and infrastructure group at the global bank.

The funds will be mobilised to support initiatives such as the Asean Power Grid, in collaboration with four Malaysian banks.

Blackstone has bought 9.9% of India’s Federal Bank and a stake in India’s Ace Insurance Brokers.

Gyungmin Kim is replacing Jeyhyung Rhee who is leaving the bank, while Minjib Kim will support him as a director.

Deutsche Bank has appointed Cora Chiu as head of investment management, North Asia, to replace Cedric Ko.